A.V.M. Exploiting
ActiveSummary
The annual accounts of A.V.M. Exploiting for fiscal year 2024 show a net loss of 65% of the equity at the start of that year. The 2024 annual accounts show equity of €19,235 and a net result of -€35,691. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1133 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-60
Solvency31▼-19
Growth61▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.51 in 2023; short-term debt: 41.9% and cash: 15.4% of total assets), and 93.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.3%
Return on assets
-11.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1133 sector peers (2024).
NBB · sector comparisonPosition among 1133 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
58 d late
2022
60 d late
2021
61 d late
2020
58 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
€734,016▲ 2.1%
2023 · €719,081
EBIT margin
-3.4%▼ 10.4pp
2023 · 7.0%
Net result
-€35,691
2023 · €40,100
Working capital
€8,034▼ 85.1%
2023 · €53,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€299,755▼ 20.7%€397,757▲ 32.7%€576,004▲ 44.8%€719,081▲ 24.8%€734,016▲ 2.1%
Operating result-€16,739▼ 856%€15,527€32,164▲ 107%€50,072▲ 55.7%-€24,862
Net result-€18,773below the sector's middle half▼ 159%€13,249within the sector's middle half€26,353within the sector's middle half▲ 98.9%€40,100within the sector's middle half▲ 52.2%-€35,691below the sector's middle half
EBIT margin-5.6%▼ 5.1pp3.9%▲ 9.5pp5.6%▲ 1.7pp7.0%▲ 1.4pp-3.4%▼ 10.4pp
Equity-€24,776below the sector's middle half▼ 313%-€11,527below the sector's middle half▲ 53.5%€14,826below the sector's middle half€54,926below the sector's middle half▲ 270%€19,235below the sector's middle half▼ 65.0%
Total assets€134,127within the sector's middle half▲ 15.0%€137,421below the sector's middle half▲ 2.5%€181,004below the sector's middle half▲ 31.7%€222,687below the sector's middle half▲ 23.0%€303,820below the sector's middle half▲ 36.4%
Debt€145,756▲ 36.6%€134,179▼ 7.9%€144,409▲ 7.6%€139,658▼ 3.3%€252,055▲ 80.5%
Working capital-€26,468below the sector's middle half-€13,737within the sector's middle half▲ 48.1%€16,282within the sector's middle half€53,742within the sector's middle half▲ 230%€8,034within the sector's middle half▼ 85.1%
Solvency-18.5%below the sector's middle half▼ 13.3pp-8.4%below the sector's middle half▲ 10.1pp8.2%below the sector's middle half▲ 16.6pp24.7%within the sector's middle half▲ 16.5pp6.3%below the sector's middle half▼ 18.3pp
Current ratio0.67below the sector's middle half▼ 0.390.86below the sector's middle half▲ 0.181.14within the sector's middle half▲ 0.281.51within the sector's middle half▲ 0.371.06within the sector's middle half▼ 0.45
Return on assets (ROA)-14.0%below the sector's middle half▼ 7.8pp9.6%within the sector's middle half▲ 23.6pp14.6%above the sector's middle half▲ 4.9pp18.0%above the sector's middle half▲ 3.4pp-11.7%below the sector's middle half▼ 29.8pp
Staff (FTE)6.4above the sector's middle half▼ 14.7%6.3below the sector's middle half▼ 1.6%9.1within the sector's middle half▲ 44.4%11within the sector's middle half▲ 20.9%14within the sector's middle half▲ 27.3%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €24,862 after €50,072 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €303,820
Fixed assets
€168,595 ▲ 166%
Current assets
€135,225 ▼ 15.1%
Equity and liabilities €303,820
Equity
€19,235 ▼ 65.0%
Provisions
€32,530 ▲ 15.8%
Debt
€252,055 ▲ 80.5%
Debt's share of the balance-sheet total rises from 62.7% to 83.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,497▼
2023 · €88,276
Cash flow
€10,668▼
2023 · €78,304
Debt to equity
13.10▲
2023 · 2.54
ROE
-185.6%▼
2023 · 73.0%
Interest coverage
1.99▼
2023 · 13.86
Debt ≤ 1 year
€127,191▲
2023 · €105,452
Debt > 1 year
€124,864▲
2023 · €34,206
Staff costs
€407,817▲
2023 · €362,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 175 companies that looked in July 2024 the way this one looks now, 5.7% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.7%
went bankrupt
8.6%
stopped otherwise
85%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 175 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €299,755 | €397,757 | €576,004 | €719,081 | €734,016 | ▲ 2.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €158,332 | €220,392 | €251,056 | €293,905 | ▲ 17.1% |
| Remuneration, social security and pensions62 | - | €189,750 | €277,397 | €362,429 | €407,817 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,685 | €26,885 | €31,507 | €38,204 | €46,359 | ▲ 21.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €1,622 | €7,001 | €6,334 | €4,428 | ▼ 30.1% |
| Other operating charges640/8 | - | €5,641 | €7,544 | €10,986 | €6,370 | ▼ 42.0% |
| Gross operating margin9900 | €176,923 | €239,425 | €355,613 | €468,025 | €440,111 | ▼ 6.0% |
| Operating profit (loss)9901 | -€16,739 | €15,527 | €32,164 | €50,072 | -€24,862 | ▼ 150% |
| Financial income75/76B | - | - | €4,964 | - | - | - |
| Recurring financial income75 | - | - | €4,964 | - | - | - |
| Non-recurring financial income76B | - | - | €4,964 | - | - | - |
| Financial charges65/66B | - | €2,279 | €9,986 | €6,369 | €10,829 | ▲ 70.0% |
| Recurring financial charges65 | €2,034 | €2,279 | €9,986 | €6,369 | €10,829 | ▲ 70.0% |
| Profit (loss) for the period before taxes9903 | -€18,773 | €13,249 | €27,142 | €43,703 | -€35,691 | ▼ 182% |
| Income taxes67/77 | - | - | €789 | €3,603 | - | - |
| Profit (loss) for the period9904 | -€18,773 | €13,249 | €26,353 | €40,100 | -€35,691 | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | -€18,773 | €13,249 | €26,353 | €40,100 | -€35,691 | ▼ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,127 | €137,421 | €181,004 | €222,687 | €303,820 | ▲ 36.4% |
| Fixed assets21/28 | €79,397 | €54,477 | €49,558 | €63,492 | €168,595 | ▲ 166% |
| Tangible fixed assets22/27 | €79,260 | €54,340 | €49,421 | €63,355 | €168,458 | ▲ 166% |
| Plant, machinery and equipment23 | - | €1,797 | €1,135 | €473 | €164 | ▼ 65.4% |
| Furniture and vehicles24 | - | €52,543 | €48,285 | €62,882 | €168,294 | ▲ 168% |
| Financial fixed assets28 | €137 | €137 | €137 | €137 | €137 | = |
| Current assets29/58 | €54,730 | €82,944 | €131,446 | €159,194 | €135,225 | ▼ 15.1% |
| Amounts receivable within one year40/41 | €23,676 | €36,816 | €69,252 | €92,832 | €81,425 | ▼ 12.3% |
| Trade receivables40 | - | €36,816 | €67,764 | €92,832 | €76,449 | ▼ 17.6% |
| Other amounts receivable41 | - | - | €1,487 | - | €4,976 | - |
| Cash at bank and in hand54/58 | €24,613 | €39,687 | €55,228 | €59,397 | €46,834 | ▼ 21.2% |
| Deferred charges and accrued income490/1 | - | €6,441 | €6,966 | €6,966 | €6,966 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,127 | €137,421 | €181,004 | €222,687 | €303,820 | ▲ 36.4% |
| Equity10/15 | -€24,776 | -€11,527 | €14,826 | €54,926 | €19,235 | ▼ 65.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Other1319 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€45,227 | -€31,978 | -€5,625 | €34,475 | -€1,216 | ▼ 104% |
| Provisions and deferred taxes16 | €13,147 | €14,768 | €21,769 | €28,103 | €32,530 | ▲ 15.8% |
| Provisions for liabilities and charges160/5 | - | €14,768 | €21,769 | €28,103 | €32,530 | ▲ 15.8% |
| Other liabilities and charges164/5 | - | €14,768 | €21,769 | €28,103 | €32,530 | ▲ 15.8% |
| Amounts payable17/49 | €145,756 | €134,179 | €144,409 | €139,658 | €252,055 | ▲ 80.5% |
| Amounts payable after more than one year17 | €64,558 | €37,499 | €29,245 | €34,206 | €124,864 | ▲ 265% |
| Financial debts170/4 | - | €37,499 | €29,245 | €34,206 | €124,864 | ▲ 265% |
| Amounts payable within one year42/48 | €81,198 | €96,680 | €115,164 | €105,452 | €127,191 | ▲ 20.6% |
| Current portion of amounts payable after more than one year42 | - | €39,291 | €33,255 | €32,115 | €45,734 | ▲ 42.4% |
| Trade debts44 | €17,070 | €20,108 | €35,160 | €26,940 | €41,350 | ▲ 53.5% |
| Suppliers440/4 | - | €20,108 | €35,160 | €26,940 | €41,350 | ▲ 53.5% |
| Taxes, remuneration and social security45 | - | €18,784 | €30,983 | €20,178 | €13,139 | ▼ 34.9% |
| Taxes450/3 | - | €2,626 | €1,048 | €1,890 | €5,554 | ▲ 194% |
| Remuneration and social security454/9 | - | €16,157 | €29,935 | €18,289 | €7,585 | ▼ 58.5% |
| Other amounts payable47/48 | - | €18,497 | €15,766 | €26,219 | €26,969 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,773 | €13,249 | €26,353 | €40,100 | -€35,691 | ▼ 189% |
| + Depreciation and write-downs630 | €21,685 | €26,885 | €31,507 | €38,204 | €46,359 | ▲ 21.3% |
| Operating cash flow (approximation) | €2,912 | €40,134 | €57,860 | €78,304 | €10,668 | ▼ 86.4% |
| Investment in fixed assets (approximation) | - | -€1,965 | -€26,587 | -€52,138 | -€151,462 | ▼ 190% |
| Change in cash | - | €15,073 | €15,542 | €4,169 | -€12,563 | ▼ 401% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€35,691
Net result drops to -€35,691, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €40,100 ▲52.2%
Operating result €50,072, net result €40,100, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Back to profitnet €13,249
Net result €13,249 after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 1993
Ground area
1,184 m²
Building footprint
90 m²
Volume, LiDAR
856 m³
Parcel 57462A0090/00E003, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Crampon(TOU) 92, 7500 Tournai
since 19932.062.994.515
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462A0090/00E003 | Wallonia | 1,184 m² | 2 · 90 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 1,990 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450357736
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.